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dc.contributor.authorVélez-Pareja, Ignacioen
dc.date.accessioned2007-12-05-
dc.date.accessioned2010-12-16T15:55:25Z-
dc.date.available2010-12-16T15:55:25Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/43424-
dc.description.abstractWe show that project evaluation should be based on free cash flows at nominal prices. We present a case where the results from the constant price method are biased upwards and there is a risk to accept bad projects. It is a widespread practice to evaluate projects at constant prices. With an example presented in the training on economic regulation of public utilities developed by the World Bank Institute we asses that methodology. We show an overvaluation of 21% when compared with the current prices methodology and using a correct Weighted Average Cost of Capital, WACC.en
dc.language.isoengen
dc.publisher|aColegio de Economistas de A Coruña |cA Coruñaen
dc.relation.ispartofseries|aEconomic Analysis Working Papers |x2007,12en
dc.subject.ddc330en
dc.subject.stwProjektbewertungen
dc.subject.stwInflationen
dc.subject.stwCash Flowen
dc.titleCash flow valuation in an inflationary world: The case of World Bank for regulated firms-
dc.type|aWorking Paperen
dc.identifier.ppn550987193en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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